Figure 34-9

-In Figure 34-9, at price OC total quantity demanded exceeds quantity supplied and price will rise to
A)OJ in Pastaland.
B)OA in Pestoland.
C)OA in both countries.
D)OJ in both countries.

Question

Figure 34-9
​ 
-In Figure 34-9, at price OC total quantity demanded exceeds quantity supplied and price will rise to
A)OJ in Pastaland. 
B)OA in Pestoland. 
C)OA in both countries. 
D)OJ in both countries.

Quizplus · Accepted Answer

At price OC, total quantity demanded exceeds quantity supplied, so price will rise to OA in both countries.

Figure 34-9 ​

Figure 34-9